GAMMA Investing LLC Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

GAMMA Investing LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,332 shares of the insurance provider's stock after buying an additional 1,277 shares during the period. GAMMA Investing LLC's holdings in Travelers Companies were worth $2,203,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TRV. Yoffe Investment Management LLC purchased a new position in Travelers Companies in the 4th quarter worth approximately $1,202,000. Erste Asset Management GmbH raised its stake in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after purchasing an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Travelers Companies by 43.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after purchasing an additional 47,985 shares in the last quarter. Portside Wealth Group LLC purchased a new stake in shares of Travelers Companies during the first quarter valued at $208,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Travelers Companies by 16.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock worth $5,122,000 after buying an additional 3,046 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 6,149 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.71, for a total transaction of $1,683,042.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Donnay Rowland sold 12,069 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.01, for a total transaction of $3,307,026.69. Following the completion of the sale, the executive vice president now owns 11,731 shares in the company, valued at $3,214,411.31. This represents a 50.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV traded up $0.26 during trading hours on Friday, hitting $263.21. 1,156,778 shares of the stock traded hands, compared to its average volume of 1,284,000. The stock has a 50 day moving average price of $267.30 and a 200 day moving average price of $254.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The company has a market cap of $59.45 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 3.85 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $200.40 and a 1 year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the business posted $4.69 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TRV shares. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Evercore ISI boosted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Finally, UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $271.11.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.